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Latest Analysis / Short-term Global Oil Service

Asia Oil Weekly - Commercial stockdraws to accelerate as government cover wears off; China weakness to persist

Published: 5 June, 2026

Highlights:

  • Crude: Commercial stockdraws to accelerate as government cover wears off; China weakness to persist.
  • Naphtha: Steam cracker operators shifting gears on feedstock preference with prompt bearish naphtha prices.
  • Gasoline: Tightness here to stay for Asia while downside risk remains for India’s ...

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